Professional
Added to YB: 2024-07-30
Pitch date: 2024-07-29
WOSG.L [bullish]
Watches of Switzerland Group PLC
+25%
current return
Author Info
No bio for this author
Company Info
Watches of Switzerland Group PLC operates as a retailer of luxury watches and jewelry in the United Kingdom, Europe, and the United States.
Market Cap
GBP 1.2B
Pitch Price
GBP 4.00
Price Target
9.43 (+89%)
Dividend
N/A
EV/EBITDA
6.44
P/E
16.57
EV/Sales
1.01
Sector
Specialty Retail
Category
growth
Plural Investing New Portfolio Holding: Watches of Switzerland Group plc
WOSG.L: Rolex retailer, 10x FCF, 10-15% growth. Key Rolex partner w/ superior economics. No price competition, inventory risk, online threat. CEO owns £32M stock. UK Rolex share 50%, US 10% growing 30% p.a. 75% drop on Rolex acquisition fears unfounded. 32% p.a. return, 130% upside in 3 years. Re-rating likely as concerns ease, 20% ROIC continues.
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